{"id":777028886,"date":"2025-07-10T08:35:04","date_gmt":"2025-07-10T11:35:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028886"},"modified":"2026-04-21T21:07:43","modified_gmt":"2026-04-22T00:07:43","slug":"century-entertainment-enters-joint-venture-agreement-with-wpt","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-enters-joint-venture-agreement-with-wpt","title":{"rendered":"Century Entertainment enters joint venture agreement with WPT"},"content":{"rendered":"\n

The joint venture will develop an existing gaming system platform.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Hong Kong-based Century Entertainment International<\/strong> has finalised an agreement to establish a joint venture with Philippines-based World Platinum Technologies (WPT)<\/strong>. As announced last month, they will develop an existing gaming system platform and content development business. <\/p>\n\n\n\n

The partnership creates a new entity, Konphil Technology Company Limited<\/strong>, with Century Entertainment holding a 51 per cent<\/strong> stake and WPT 49 per cent<\/strong>. <\/p>\n\n\n\n

According to the MoU signed last month<\/a>, Century will provide technical support for research and development, maintain the platform, help with market access through its distribution channels, support marketing teams and business development, and offer administrative support such as financial management, legal compliance, and human resources. <\/p>\n\n\n\n

WPT, which is licensed by the Philippine Amusement and Gaming Corp (PAGCOR<\/strong>) as a gaming system service and gaming content provider, will contribute its gaming system platform, content, software, source code, and related intellectual property.<\/p>\n\n\n\n

The partnership grants Century Entertainment non-exclusive rights to use, distribute, and sub-license<\/strong> WPT\u2019s proprietary platform and related content. The board of the joint venture will comprise five directors, with three appointed by Century Entertainment. Century Entertainment said it sees \u201cgrowth potential in gaming platforms and contents\u201d across countries in Asia Pacific.<\/p>\n\n\n\n

It added: \u201cLeveraging on the long involvement of the group in gaming business in Southeast Asia and experience and technical knowhow of WPT, the joint venture company will allow the company to have an opportunity to diverse into gaming business in other Asia Pacific countries.\u201d<\/p>\n\n\n\n

Century Entertainment will issue up to 25.6 million new shares to WPT, representing approximately 20 per cent of the company\u2019s current issued share capital. The shares will be issued at HK$0.62 (US$0.08) each, representing a discount to recent market prices. An initial 12.8 million shares will be issued immediately, with an additional 12.8 million shares contingent upon the joint venture achieving annual gross revenue of at least HK$100m (US$12.5m) within 15 months.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Ng Man Sung steps down as chairman and CEO of Century Entertainment<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The joint venture will develop an existing gaming system platform.<\/p>\n","protected":false},"author":226,"featured_media":777026238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hong Kong-based Century Entertainment International has finalized a joint venture with Philippines-based World Platinum Technologies (WPT) to develop a gaming system platform and content business. Century will hold a 51% stake in the new entity, Konphil Technology Company Limited, providing technical and market access support, while PAGCOR-licensed WPT contributes its proprietary platform and IP. This strategic move aims to leverage growth potential in Asia Pacific's gaming platform sector, with Century issuing shares to WPT, partly contingent on the JV achieving HK$100M in gross revenue within 15 months.","focusai_entities":"Century Entertainment International, World Platinum Technologies (WPT), Konphil Technology Company Limited, Philippine Amusement and Gaming Corp (PAGCOR)","focusai_location":"Philippines, Hong Kong, Asia Pacific, Southeast Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.7), product_ux (0.7), tech_data (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Target Impact","query":"What specific operational and market access strategies will Konphil Technology Company Limited implement to achieve the HK$100M gross revenue target within 15 months, and what are the implications for Century Entertainment's share issuance?"},{"label":"Regulatory Compliance Scope","query":"Beyond WPT's existing PAGCOR license, what additional B2B\/B2C licensing requirements or regulatory compliance frameworks will Konphil Technology Company Limited need to navigate for its planned expansion across other Asia Pacific jurisdictions?"}],"footnotes":""},"categories":[157,16333],"tags":[24826,24825],"class_list":["post-777028886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-business","tag-century-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028886"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028886\/revisions"}],"predecessor-version":[{"id":777028893,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028886\/revisions\/777028893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777026238"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}